About JASSX
Easterly Income Opportunities Fund Class R6 is a mutual fund in the multisector bond category designed to deliver a high level of current income and total return with low sensitivity to interest rates and credit spreads. It primarily invests at least 80% of its net assets in structured credit securities, including deep value legacy residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), and other similar instruments. The fund actively manages credit, liquidity, and interest rate risks to pursue attractive risk-adjusted returns in non-indexed sectors, which are often characterized by market inefficiencies due to limited passive investor demand. With a portfolio comprising hundreds of bond holdings, such as U.S. Treasury notes, various securitized products from trusts like Ready Capital and Beacon Hill, and cash equivalents, it emphasizes diversification across government and securitized assets. Capital preservation serves as a secondary objective, positioning the fund to participate in bond market upside while aiming to outperform peers through distributions. Launched in 2018 and managed by Easterly Funds, this R6 share class targets retirement and large investors seeking income-oriented fixed income exposure.
Fund Family Easterly Funds
Category Multisector Bond
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol JASSX
Share Class Class R6
Index Bloomberg U.S. Aggregate Bond TR
JASSX had a total return of 4.86% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.88%.
